PETCOKE CIF OFFER

( Valid Till January 20th,2023 )

SELLER: TRADING GROUP IN SAUDI & USA

Commodity: Petroleum Coke
Origin Kazakhstan/ Russia
Monthly Quantity: Up to 400,000 MT Per Month
Shipping Terms: CIF AWSP

Price:
$ 280 PER MT including $10 Commission

Inspection: SGS, or equivalent as per Buyer’s option

Payment method: By MT103 Swift upon successful SGS At discharge port.
Payment Guarantee: By LC MT 700 OR SBLC MT760 with the value of monthly quantity valid
for the contract period issued OR confirmed by top 50 bank. The
Financial instrument should be Operative, Irrevocable, Transferable,
Assignable, Revolving, and Confirmed with bank responsibility.
Performance Bond: Two (2%) percent PB By Seller’s Bank.
Commission: $10 PER MT, 50% SELLER SIDE CLOSED / 50% BUYER SIDE OPEN.
To be paid by the SELLER to all intermediaries under NCNDA&IMFPA
that will be Issued by Seller.
Note Seller may requests POF from the Buyer if DD indicates So.

CIF Transaction Procedure & Terms:

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with this offer
terms and procedure, along with buyer’s company registration,
signatory’s passport copy, and CIS.

2. Seller Conduct DD, then issues Sales and Purchase Agreement (SPA). Buyer
reviews, amends (if necessary), signs and returns the (Draft Contract) SPA
in WORD format to Seller within Three (3) banking days for final
endorsement. Then Seller counter signs the SPA, and the SPA is logged with
relevant banks.

3. Within 5 Banking Days, Buyer’s bank issues RWA by swift MT799 Pre-Advice LC as
per seller’s provided verbiage directly to Seller's bank confirming the readiness
and financial capability for the transaction.

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 4. Upon receipt of the Pre-Advise Swift and acceptance , Seller provides Buyer with
the following Partial proof of products documents:
A. Seller Irrevocable Commitment to supply
B. Seller Statement of availability of product
C. Commercial Invoice for the first value shipment.
D. Authorization To Sell And Collect (ATSC).

5. Seller’s Bank, within no later than 3 business days from the receipt of the Pre-Advice LC,
confirms acceptance of the terms and conditions of the LC, or, informs the Buyer if there are any
amendments to be made.

6. Within 3 business days from the date that PPOP is submitted, in accordance of the Seller’s
verbiage, the Buyer sends Operative, Irrevocable, Transferable, Assignable, Revolving, Confirmed
Letter of credit with full bank responsibility via swift MT700 to the seller’s bank, and provide
Seller with swift copy.

7. Seller issues 2% (Two percent) performance bond within 5 banking days of receiving the LC.

8. Upon Seller’s bank successful exchange of instrument method with buyer’s bank, seller to
finalize loading within ten to fifteen (10-15) working days. Upon loading of product seller signs
NCNDA/IMFPA between all intermediaries involved, and sends to buyer the following Full POP
documents by swift bank to bank and a copy via email to Buyer:

a) Copy of the Charter Party Agreement(s) to transfer the product to discharge port.
b) Certificate of origin.
c) SGS/Saybolt Certificate of Quality and Quantity, 1 original and 3 copies.
d) Cargo Manifest.
e) Vessel Ullage Report.
f) Vessel Q88.
g) Copy of Bill of Loading.
h) Notice of Readiness (NOR).
i) Estimated time of arrival.
j) Dip test Authorization (DTA) & ATB.
k) Insurance Certificate.

9. Buyer notifies seller by official written notice of his bank receiving seller’s POP document.
Shipment commences as per contract schedule and within 3 working days of the date of arrival
of the cargo at the discharge port, buyer’s inspection team carries out CIQ, SGS or equivalent
inspection to ascertain quality and quantity.

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10. Buyer’s Bank release payment for the total shipment value via swift fund transfer MT103/TT
within 2 banking days of issuing the SGS report at discharge port, then Product is discharged to
buyer’s destination port/storage facility. Seller within 48 hours pays the intermediaries involved
according to signed NCNDA/IMFPA.

11. Second and succeeding shipments continue

Specification Of Petroleum Coke: ( Next Page )

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